Transatlantic Petroleum Limited Sees Significant Growth in Short Interest (TAT)
Transatlantic Petroleum Limited (NYSE:TAT) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 821,294 shares, a growth of 815.3% from the June 30th total of 89,734 shares, StockRatingsNetwork reports. Approximately 3.6% of the company’s stock are sold short. Based on an average daily volume of 122,043 shares, the short-interest ratio is currently 6.7 days.
A number of analysts have recently weighed in on TAT shares. Analysts at TD Securities raised their price target on shares of Transatlantic Petroleum Limited from C$19.00 to C$21.00 in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock.
Transatlantic Petroleum Limited (NYSE:TAT) traded down 1.40% on Thursday, hitting $11.30. The stock had a trading volume of 40,483 shares. Transatlantic Petroleum Limited has a 52 week low of $7.00 and a 52 week high of $12.51. The stock has a 50-day moving average of $10.98 and a 200-day moving average of $8.9. The company’s market cap is $422.6 million.
Transatlantic Petroleum Limited (NYSE:TAT) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.11 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.11. The company had revenue of $33.65 million for the quarter, compared to the consensus estimate of $37.53 million. Analysts expect that Transatlantic Petroleum Limited will post $0.65 EPS for the current fiscal year.
TransAtlantic Petroleum Ltd., formerly TransAtlantic Petroleum Corp., is an international oil and gas company engaged in the acquisition, development, exploration, and production of crude oil and natural gas.
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